The prices in real estate in Ridley Park, in the Pennsylvania region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Ridley Park has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $2,124. In the following month the price per sq.feet decreased considerably to $167. The price for the following two months in (February, March) had a considerable decrease of 15 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 27 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $658.25 to $174.5 during April, and May.
Based upon to the price in Ridley Park (cities), these have remained the same in the last 6 months. The average price for December is $260,098. During January the price had a slight fall till $247,069. During the following two months (February, March) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $246,268.25 and $255,490 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $258,073 they are 20 % more affordable than the average price for Ridley Park. The properties with the highest average price have 2 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 1 bedroom priced at $215,739.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $87 / sq.feet, with an average $176 / sq.feet price in Ridley Park. The properties with the highest average prices have 2 bedrooms. They are 95106 % more expensive than the average followed by properties with 1 bedroom with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $258,073 it is 20 % cheaper than the average price in Ridley Park. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Commercial Property". At a price of $250,286 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $87 / sq.feet followed by "Commercial Property" priced at $85,944 / sq.feet. "Detached House" is the most costly type of property with a $163,903 / sq.feet cost followed by "Commercial Property" with an average price of $85,944 / sq.feet.